Does this mean they have separate rates for new and renewal business or is it just a difference of effective dates i.e. new and renewal rates are the same but become effective on different dates? If it's the former how is that not discriminatory? Is it a new customer or similar type of credit? When...

Elephant doesn't "cut rates." They usually accomplish the cheaper premium by having the customer request to be sent back to sales to receive a rewrite under the current new business rates, versus their renewal rates. Sometimes customers will go online and requote themselves under new busin...